Daily News

Economy Source: Financialpost June 22, 2023

IMF urges Canada to bring back debt anchor and keep fiscal policy tight

Target used now has kept door open for elevated expenditures and added billions in new spending without need to lower debt The International Monetary Fund says Canada’s government should consider bringing back a debt anchor. THIS CONTEN...

Economy Source: Financialpost June 22, 2023

Rising retail sales strengthen case for Bank of Canada rate hike in July

Canadians are still spending despite high inflation and interest rates Sales at retail stores are on the rise after two months of declines, suggesting Canadians’ spending power remains resilient despite tightening economic conditions. T...

Economy Source: Financialpost June 22, 2023

Bank of Canada almost waited until July to hike interest rates

Hot economic data convinced Governing Council higher rates were needed sooner to cool inflation OTTAWA — The Bank of Canada’s Governing Council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the f...

Source: BNN Bloomberg June 21, 2023

Morgan Stanley strategist says stock bulls face rude awakening

One of Wall Street’s most bearish strategists isn’t giving in to the bullish about-turn in equities, saying investors may be in for “a rude awakening.” Morgan Stanley’s Michael Wilson, whose outlook for a market slump in 2023 has yet to materialize, said f...

Source: BNN Bloomberg June 21, 2023

Portfolio manager suggests '40/30/30’ portfolio amid inflation

A Canadian portfolio manager says the traditional “60/40” portfolio made up of equities and bonds is not working amid elevated inflation, and he has a new framework to suggest for investors. Robert Wilson, head of portfolio construction consultation servic...

Market Call Source: BNN Bloomberg June 21, 2023

Brett Girard's Top Picks: June 20, 2023

Brett Girard, chief financial officer and portfolio manager, Liberty International Investment Management  FOCUS: North American and global stocks  MARKET OUTLOOK: The lagging effects of higher interest rates are not evenly distributed. This is caus...

Source: Bankofcanada June 21, 2023

Summary of Governing Council deliberations: Fixed announcement date of June 7, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 7, 2023. This summary reflects dis...

Source: Financialpost June 21, 2023

Gage Haubrich: New Zealand’s gun buyback suggests Ottawa’s won’t work

Cost much more more than initially estimated In May 2020, the federal government announced a ban on 1,500 types of what it called “assault-style” firearms. As part of this ban, it has promised to provide “fair compensation” to gun owners whose...

Source: Financialpost June 21, 2023

Howard Levitt: Why employers are now in a Kafkaesque predicament when it comes to residency status of hirees

Asking about permanent residency status can be discriminatory, recent ruling finds By Howard Levitt and Kathryn Marshall  THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada...

Source: Financialpost June 21, 2023

The toxic workplace trait that's costing employees money and burning them out

Victoria Wells: Canadians aren't using their vacation days and they're only hurting themselves Canadians are complaining they have too much to do at work, yet many are also failing to use their vacation time, which could be why 36 per cent of p...